In July 2017, Principals of SHIR Capital announced the sale of Nest apartments in North Central San Antonio, Texas for $9.6 million, yielding a 31% IRR to our investors. Principals of SHIR acquired this 147-unit apartment complex in the winter of 2014 for $4 million. After purchase, extensive exterior and interior renovation of the entire complex was performed and included:
- Roof replacement
- New landscaping and irrigation
- New HVAC systems in all units
- New Paint
- Resurfaced cabinets and countertops
- Upgrades to fixtures, appliances, and bathroom plumbing
- LED Lighting and other safety improvements for residents
For more information about our Project Portfolio and becoming an investor in upcoming projects, please contact us at:
info@shircapital.com